Trucks - Russia | Statista Market Forecast

In Russia, the Trucks market is anticipated to witness a substantial growth in the coming years.
By 2024, unit sales are projected to reach 110.00k vehicles.
This upward trend is expected to continue with a compound annual rate of 2.59% from 2024 to 2030, resulting in a projected market volume of 128.30k vehicles by 2030.
It is worth noting that the production of Trucks market in Russia is also expected to reach 105.40k vehicles by 2030, highlighting the potential for further growth in this market.
When considering the international landscape, China is poised to dominate the Trucks market with sales reaching 3.74m vehicles units in 2024.
The demand for heavy-duty trucks in Russia is on the rise due to the country's vast geography and the need for reliable transportation in remote areas.

Definition

The Trucks market encompasses a diverse array of vehicles primarily intended for the transportation of goods and materials on a larger scale. These robust and specialized vehicles are engineered for commercial purposes, playing a pivotal role in industries such as logistics, construction, and heavy-duty transportation. Trucks come in various configurations that cater to specific cargo and operational requirements, ranging from light-duty delivery trucks to heavy-duty long-haul trucks with a GVWR of 16 tons or more.

Additional Information

The Trucks market is a dynamic sector characterized by a wide range of vehicle types and applications. Manufacturers continually innovate to improve performance, efficiency, and safety. This market is heavily influenced by factors such as government regulations, emissions standards, and evolving industry needs, which drive advancements in areas like fuel efficiency and alternative propulsion technologies.

Key players in the Trucks market include globally renowned companies such as Daimler Trucks, Volvo Group, PACCAR Inc., and Scania. These manufacturers play a crucial role in shaping the industry by introducing new technologies, improving fuel efficiency, and ensuring compliance with evolving environmental regulations. This market is highly competitive, driving continuous innovation and advancements in truck design and functionality.

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Tanker trucks
Refrigerated trucks
Large delivery trucks
Freight trucks
Flatbed trucks
Construction trucks

Watercraft, aircraft, and railway vehicles
Medium and heavy buses and coaches
Motorcycles and scooters
Light commercial vehicles (LCVs)
Consumer and recreational vehicles
Passenger cars
Off-road and specialized vehicles

The Trucks market in Russia has been experiencing significant growth in recent years. Customer preferences in the Trucks market in Russia are driven by a number of factors.

One of the key factors is the demand for larger trucks with higher load capacities. This is driven by the need for transportation of goods over long distances in the vast Russian territory. Additionally, customers in Russia also prefer trucks with advanced features such as improved fuel efficiency and advanced safety systems.

Trends in the market include the increasing popularity of electric trucks. This trend is driven by the global shift towards sustainable transportation and the increasing availability of charging infrastructure in Russia. Another trend in the market is the growing demand for autonomous trucks.

This is driven by the potential cost savings and improved efficiency that autonomous trucks can offer. Local special circumstances in Russia also play a role in shaping the Trucks market. One of the key factors is the challenging road conditions in some parts of the country.

This has led to the development of trucks with improved off-road capabilities and robust suspension systems. Additionally, the harsh climate in Russia also influences customer preferences, with a higher demand for trucks with features such as engine block heaters and winter tires. Underlying macroeconomic factors also contribute to the development of the Trucks market in Russia.

The country's strong economic growth has led to an increase in the demand for transportation services, which in turn drives the demand for trucks. Additionally, government initiatives to modernize the country's transportation infrastructure have also contributed to the growth of the Trucks market. In conclusion, the Trucks market in Russia is experiencing significant growth driven by customer preferences for larger trucks with advanced features.

The market is also influenced by trends such as the increasing popularity of electric and autonomous trucks. Local special circumstances such as challenging road conditions and harsh climate also shape the market. Underlying macroeconomic factors such as strong economic growth and government initiatives to modernize transportation infrastructure further contribute to the development of the market.

Data coverage:

The data encompasses B2B enterprises. Figures are based on unit sales and production of trucks.

Modeling approach:

Market sizes are determined through a combined Top-Down and bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey). In addition, we use relevant key market indicators and data from country-specific associations, such as consumer spending per capita on transportation and consumer price index for purchase of vehicles. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, linear regression, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.

The trucking industry in Canada refers to companies which are engaged in the transport of goods via truck. This includes both organizations who own and operate a private truck fleet to transport goods they produce themselves, as well as for-hire carriers who are contracted to carry goods produced by a different company. In 2022, the industry generated almost 39.55 billion Canadian dollars from almost 63.7 million shipments. Both these figures are slightly lower than at the industry’s peak in 2014, when shipments of 63.8 million tons of cargo generated 38.7 billion in revenue. However, the revenue per shipment of 621.15 Canadian dollars in 2018 is higher than in 2017, when only 585.6 Canadian dollars of revenue was generated per shipment.